Technology Development of the Year – Calypso cross-product margining

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Sean McDermott, Calypso

When the Australian Securities Exchange (ASX) decided it would offer an over-the-counter derivatives clearing service, it realised it would need to develop new infrastructure to support it. As it looked for a technology partner to help it, there was one vendor that had a head start on the others. California-based Calypso Technology had already installed its system, or was in the process of doing so, at the Tokyo Stock Exchange, the Singapore Exchange and one other Asian clearing house. And not o